Gulf Keystone Petroleum Share Discussion Threads

[jackpotjack] 12/12/2020 18:31

No because we have a take over at 1,000,000,000% premium next week

[ammu12] 12/12/2020 18:30

Hence Genel is a better bet ?? They payed out divi too during covid times....

[chicagojack] 12/12/2020 18:20

SALE RNS IN DAYS.....TAKEOVER VALUATION AT LEAST 2,000% PREMIUM TO MARKETHere's explanation in advancehttps://t.co/0eHpciFTgb

[chicagojack] 12/12/2020 18:20

Clowns galore

[chicagojack] 12/12/2020 18:19

SALE RNS IN DAYS.....TAKEOVER VALUATION AT LEAST 3,000% PREMIUM TO MARKETHere's explanation in advancehttps://t.co/0eHpciFTgb

[jackpotjack] 12/12/2020 18:14

2,500% or 1.500%?At least be consistent with your madness.

[chicagojack] 12/12/2020 16:59

SALE RNS IN DAYS.....TAKEOVER VALUATION AT LEAST 2,500% PREMIUM TO MARKETHere's explanation in advancehttps://t.co/0eHpciFTgb

[habshan] 12/12/2020 16:41

Broadford - "If the 4.5% recovery is also applied to GKP's outstanding payments, this will then amount to approx. $1.6M per month.
Nothing much to get excited about..."

You've got it round your neck Broadford.

The rate at which outstanding payments for the missing 3 months will be repaid hasn't been mentioned or even hinted at. All we know at the moment is that the KRG have made a proposal to repay the money and that it's being studied.

Genel's 4.5% override royalty has nothing to do with unpaid invoices for oil production

Genel receive a monthly override royalty of 4.5% of Tawke revenues which were suspended last April and which are to resume in January.

Genel FYR 19th March - Override royalty of 4.5% - FY19 - $112.8.

Genel 17th April - "Tawke production override payments will be suspended for at least nine months. Payment of invoices relating to oil sales from November 2019 to February 2020 will be deferred, "

Absolutely NOTHING to do with missing payments for oil production. They are two completely separate issues.

"An “override is a commission paid on the sales someone else makes. For example, you may have a sales person with a 5% commission (earns 5% of the sales value of whatever they sell). This person may have a sale manager with 6 direct reports, and may receive as his/her compensation 1% of the sales of all the people reporting to him/her. The 1% to the manager is an override."

[broadford bay] 12/12/2020 16:33

Just posted this on the other thread:

The Genel recovery mechanism proposed for outstanding amounts is said to be 4.5% of Tawke Gross Field Revenues and this will generate another $5M per month.

It has to be borne in mind that Tawke output is more than 2.5 times that of SH.

The revenues generated by 44Mbopd of Shaikan oil sales, at $50/bbl, amount to approx. $35.6M (Available Crude after deduction of 10% royalty crude x $29/bbl).

If the 4.5% recovery is also applied to GKP's outstanding payments, this will then amount to approx. $1.6M per month.

Nothing much to get excited about...

[chicagojack] 12/12/2020 16:30

SALE RNS IN DAYS.....TAKEOVER VALUATION AT LEAST 1,500% TO MARKETHere's explanation in advancehttps://t.co/0eHpciFTgb

[chicagojack] 12/12/2020 16:27

TAKEOVER VALUATION#gkp sale announced in days, nobody (well nobody that just punts shares) will understand why or how premium to market at takeover could be so enormous...Here's explanation in advance....SP where it is as buyers + investment bankers acting for them have known this for yearshttps://t.co/0eHpciFTgb

[pensioner2] 12/12/2020 16:25

You'd be getting excited if it was $1.6m per month less than current production so why doesn't that read through to $1.6m per month more than current production. Seems like a double standard to me.

[broadford bay] 12/12/2020 16:22

The Genel recovery mechanism proposed is said to be 4.5% of Tawke Gross Field Revenues and this will generate another $5M per month.

It has to be borne in mind that Tawke output is more than 2.5 times that of SH.

The revenues generated by 44Mbopd of Shaikan oil sales, at $50/bbl, amount to approx. $35.6M (Available Crude after deduction of 10% royalty crude x $29/bbl).

If the 4.5% recovery is also applied to GKP's outstanding payments, this will then amount to approx. $1.6M per month.

Nothing much to get excited about...

EDIT: The Genel recovery mechanism proposed for outstanding amounts is said to be...

[habshan] 12/12/2020 16:21

Should pacify the demonstrators.

Baghdad to send Kurdistan’s salaries within 48 hours.

"The Patriotic Union of Kurdistan (PUK) confirmed Baghdad guarantees to transfer 320 billion dinars to the region within the next 48 hours.”

hxxps://www.shafaq.com/en/Iraq-News/Baghdad-to-send-Kurdistan-s-salaries-within-48-hours

[chicagojack] 12/12/2020 14:29

TAKEOVER VALUATION#gkp sale announced in days, nobody (well nobody that just punts shares) will understand why or how premium to market at takeover could be so enormous...Here's explanation in advance....SP where it is as buyers + investment bankers acting for them have known this for yearshttps://t.co/0eHpciFTgb

[habshan] 12/12/2020 14:10

Broadford - "Considering just how much is owed to the oil companies by KRG, it's to be expected that the review will not propose the immediate payment of all outstanding sums."

We know, that's what was said:-

Genel - "the KRG has now also submitted a reconciliation model for repayment of the receivable ...."

Habshan - "Now that Brent has recovered to over $50 the KRG want to honour their commitment and start catching up with the missing payments."

[k4n4k] 12/12/2020 14:01

Ask Gertjan who's the daddy.

[broadford bay] 12/12/2020 13:41

"The KRG has committed that with the continuing improvement in the price of dated Brent above $50/bbl outstanding arrears will be REVIEWED".
(CAPS are mine)

Considering just how much is owed to the oil companies by KRG, it's to be expected that the review will not propose the immediate payment of all outstanding sums.

Perhaps a staged repayment (if you're lucky) of ca $2.5M to $5M per month per operator?

...depending of course on just how stable the Brent Price remains, and how good the said-to-be-improving relationship with Big Daddy turns out to be.

[mcfly02] 12/12/2020 13:34

.😂🖕

[simonmurraycnpc] 12/12/2020 12:09

TAKEOVER VALUATION#gkp sale announced in days, nobody (well nobody that just punts shares) will understand why or how premium to market at takeover could be so enormous...Here's explanation in advance....SP where it is as buyers + investment bankers acting for them have known this for yearshttps://t.co/0eHpciFTgb

[beernut] 12/12/2020 10:32

US oil and gas stock surge fuels hopes of ‘last hurrah’ rally
Sharp gains for sector as investors look to demand recovery and more discipline by companies on costs

The outlook for crude oil is rosier than many people expected earlier this year © AFP via Getty Images

December 12, 2020 4:00 am by Derek Brower , US energy editor
Fossil fuels are supposed to be out of fashion. In a world that is pushing for a greener future, even some of the biggest oil producers such as BP are aspiring to move beyond petroleum.

In the US, voters just elected the candidate who promised to “transition away from the oil industry” and unleash a clean-energy revolution — and not the one who openly trumpeted his love of fossil fuels. Every third email I receive is about a new green energy plan or another group pledging to ditch oil and gas equities.

[nestoframpers] 12/12/2020 09:31

PCR tests a waste of space

[nestoframpers] 12/12/2020 09:12

Re CV19 is it a scam ? is the vaccine the reason why it's all over blown? Why is Ivormectin being held back?